Is Potterville, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Potterville has remained a Seller's Market.
Housing Prices in Potterville, MI
How much do homes in Potterville, MI cost?
Median Sold Price
$228,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Potterville was $228,000 in March 2024, down 2.7% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100.9K | - | N/A |
2 Bedrooms | $129.5K | $145K | +11.9% |
3 Bedrooms | $235.5K | $226K | -4.0% |
4 Bedrooms | $239K | $282.5K | +18.2% |
5+ Bedrooms | $258.5K | $507.8K | +96.4% |
Summary: Potterville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.9%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 96.4%.
Housing Supply in Potterville, MI
How many homes are available in Potterville, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 17 | +13.3% |
Summary: The Potterville real estate market had 17 homes for sale in March 2024, a 13.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 4 | 6 | +50.0% |
4 Bedrooms | 9 | 7 | -22.2% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Potterville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Potterville in March 2024, up by 100.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Potterville, MI
How long does it take to sell a home in Potterville, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 38 Days | +11.0% |
Summary: Homes in Potterville had an average of 38 days on market in Mar 2024, up by 11% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Potterville; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.